We need to make payment to a foreing compnay based in Hongkong for consultancy services and the payment has to be made in US dollar.
Under which section, TDS has to be made? u/s 194J or 195?
What will be the tax rate?
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TDS on payment to Hongkong
Replies (6)
Mr Sujit
TDS on such transaction will be deducted as per provisions of sec 195 or DTAA between India & Hongkong.
it should be u/s 195
tax rate 40%+sc+e cess(i am not sure about the tax rate.
Sec 195. payment of sum to a non- resident
receipient is a non-domestic company, hence 40% + ec + shec
if payment exceeds 1 crore than surchargea also will be applicable
Dear Sir/ Mam
Please send me details of provisions regarding the foreing relating to WEB HOSTING renewal charges & domain registration charges urgently.
Also tell me about the rate of TDS if any relating to above .
Cheers
S.K.GUPTA
Is TDS Applicable in case of payment made through issue of equity shares for the technical advice obtained from foreign company (i,e a russian company) if yes then would it be applicable u/s 195 or 194j.
Is TDS applicable on registration fees (for attending meeting) payable to a company in Hongkong.
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